A pay stub is also known as a pay slip or a pay advice. A stub is a proof that some salary was paid to you. The stub contains the gross amount, deductions and the net amount. The deductions on a pay stub include the insurance deductions, pension deductions, taxes and organizations contributions. Stubs are important since they act as security to loans, buying of cars, acquiring of real estate property and as a proof of a complete payment.
Of late, one can download his/her pay slips from his/her company’s website. We also have a lot of cases of fake stubs. The fake stub is a proof of a false payment. The following are reasons why it is illegal to come up with a fake stub.
The making of fake stubs is a forgery. Forgery is an illegal activity. Since the original stubs have features such as stamps, watermarks, and seals, one must find ways to incorporate these features on the fake stub in order to have a copy which looks like the original. In order for the security features to be included on you fake stub, you must talk to the relevant officials. The officials may request for some amount of money which is bribing.
The counterfeit stubs give false benefits. One is supposed to provide a pay slip in order to be issued with a loan, given a car or a real estate property. Once a bank, car dealer or real estate investor realizes that you have provided a fake stub, he/she will deny you the loan, you will not own the car and the real estate property respectively. You are also supposed to be taken to a court of law and be charged with forgery. Obtaining of fake pay slips also leads to the collapse of businesses.
The fake pay slips are used in deceiving people that you have the financial capabilities. People will fail to notice that you pay slips are fake and they may end up giving you some money and other material goods. The fake stub may also be used to request loans from your friends and relatives.
Many fake stubs have improper figures and calculations. False information and miscalculations are common on the fake payslips since they are produced by incompetent people. They may also misspell some words and place decimal points in the wrong places which may lead to unreal figures.
A fake pay slip may be used evading some responsibilities. In order to be relieved from carrying out some tasks which require money, you may produce a fake stub with a less amount of net income. The financial responsibility will then be transferred to another individual.
The above are grounds on which the making of fake pay slips was illegalized.